Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill would allow town forest committees to offer surplus timber revenue to town for tax relief
Summary
Representative Arnie Davis said House Bill 124 would let local town forest funds that accumulate surpluses be offered to a town's select board for placement on a warrant article so voters could consider tax relief.
Representative Arnie Davis, prime sponsor of House Bill 124, told the Senate committee he filed the bill to allow New Hampshire'towns with community forests to offer surplus timber revenues to their town for tax relief. "House Bill 124 ... amends RSA 31:113 by adding one sentence to it," Davis said, describing towns that harvest timber to fund forest maintenance and other uses. He said his town of Milan has about 3,500 acres and generates roughly $50,000 a year into its forest fund; another town the sponsor cited, Arrell, has about 8,500 acres and generates about $200,000 a year.
Davis said current Department of Revenue Administration (DRA) interpretation prevents committees that administer town forest funds from transferring surplus balances to the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
